Answered: If oil prices decline, the short-run…

If oil prices decline, the short-run aggregate supply curve shifts and output supplied will left; decrease left; increase right; increase O right; decrease

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter24: The Aggregate Demand/aggregate Supply Model

Section: Chapter Questions

Problem 3SCQ: The short run aggregate supply curve was constructed assuming that as the price of outputs...

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hello, please help, I know for sure that answer " left; decrease" is wrong

If oil prices decline, the short-run aggregate supply curve shifts
_and output
supplied will
O left; decrease
O left; increase
right; increase
O right; decrease

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